Small Business Banker

SUMMARY

At Dedham Savings, we believe that being here for the journey means supporting our clients in a friendly and professional manner every day. While our employees are committed to helping our clients, we are committed to our employees. After all, we wouldn’t have made it nearly 200 years as a local neighborhood bank without them! To support our employees, we offer a competitive benefits package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare, Retirement, Life Insurance, and many other benefits.

The Small Business Lender will be responsible to work with small businesses and access their credit worthiness, evaluate loan applications, and provide financial options like working capital loans, equipment loans, or business acquisition loans, while ensuring compliance with all relevant regulations and maintaining strong customer relationships.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Client Acquisition and Development

• Identify potential small business clients through networking, outreach, and marketing efforts.
• Build relationships with business owners to understand their financial needs and goals.
• Present loan products and options tailored to specific business needs.

Loan Application Analysis

• Collect and review financial information including income statements, balance sheets, tax returns, credit reports, and collateral documents for loans $500,000 and under, utilizing the Lender’s Cooperative software application for loans $100,000 and under.
• Assess creditworthiness and risk factors to determine loan eligibility and terms.
• Conduct thorough due diligence on business operations and cash flow.

Loan Underwriting

• Structure loan packages with appropriate loan terms.
• Prepare loan submissions for credit approval.
• Communicate and explain loan terms with borrowers based on risk assessment and market conditions.

Loan Servicing and Monitoring

• Communicate with borrowers regarding loan modifications or other necessary adjustments, work with borrowers on any credit issues.
• Address customer concerns and provide ongoing support.

Other

• Complete all internal Bank training as assigned and required.
• Adhere to the Bank’s privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
• Exhibit the ability and desire to embrace and enhance the Bank culture.

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

SUPERVISORY RESPONSIBILITIES

None

EDUCATION and/or EXPERIENCE

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• 2 years of experience in commercial lending or commercial credit, preferably with a focus on small business lending.
• Knowledge and experience in SBA lending products.
• Strong understanding of financial analysis, credit scoring and lending principles.
• Knowledge of different industry needs, and financial challenges faced by small businesses.
• Awareness of relevant regulations and compliance requirements related to lending practices.

SKILLS

• Basic knowledge of the banking and financial services industry including federal laws and regulations.
• Willingness to gain new knowledge and technical skills.
• Intermediate typing skills to meet the production needs of the position.
• Intermediate math skills: the ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply, and divide into all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio, and percent, including the drafting and interpretation of bar graphs.
• Exceptional verbal, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze, and interpret documents and professional journals, understand procedures, write reports, correspondence, and procedures, speak clearly to customers and employees.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

KEY POINTS

Dedham Savings is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and or conditions relating to pregnancy or any other related medical conditions or any other status protected by Federal, State or local laws.

Here at Dedham Savings, we strive to foster a culture where every voice is valued and where employees have a sense of belonging and connection with each other. We are dedicated to creating a work environment that understands, supports, and welcomes diverse perspectives and backgrounds. Together, we will create an inclusive and culturally competent and supportive environment where employees model behavior that enriches both Dedham Savings and the communities we support.

EOE/F/M/Vet/Disabled